Cloudy with a Chance of Disallowance

AUTHOR(S)

BENZIJA, WALTER

PUB. DATE

February 2014

SOURCE

ABI Journal;Feb2014, Vol. 33 Issue 2, p14

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article discusses the court case "In re KB Toys Inc." which outlines the impact of Section 502(d) of the Bankruptcy Code in relation to claims-trading. Legal issues concerning the allowability of the claims created by Section 502(d) are outlined. A comparison of the Section 502(d) interpretations in the present case and "Enron Corp. v. Springfield Assocs. LLC" is offered.